Principles of Institutional-Evolutionary Political Economy -Converging Themes from the Schools of Heterodoxy

摘要

Over the past forty years there has been a considerable revival of heterodox political economy throughout the world. Heterodoxy has experienced a renewal in the form of several schools of thought.1 Institutionalists and evolutionary economists have proffered the significance of institutions and technological change. Post Keynesians have re-established the role of aggregate demand in a circular and cumulative framework. Neo-Marxists have sought to bring to the fore the importance of class analysis and economic surplus. Feminists have been active in fostering an integrative analysis of class, gender and ethnicity. Social economists have examined the role of justice, ethics and trust in institutions. Development and international political economists have recreated an interdisciplinary focus on the uneven forces operating in the global economy. In addition, ecological economists have linked the laws of thermodynamics with strong sustainability and the precautionary principle to create a durable edifice on the environment.